CS Professional · IFSCA - Regulations, Listing and Compliances · Overview of FinTech and Service Providers in IFSC
Meridian Tech wants to provide in GIFT IFSC a platform that connects financial institutions with customers for financial products, using technology as the core of its business. Which authority regulates and authorises such FinTech activity in the IFSC?
IFSCA is the authority that regulates and authorises FinTech activity in GIFT IFSC, as it is the unified regulator for financial products, services and institutions in IFSCs. The other bodies named do not hold that unified regulatory role for FinTech there.
- AInternational Financial Services Centres AuthorityCorrect
- BRegistrar of Companies of the state alone
- CCompetition Commission of India
- DInsurance Regulatory and Development Authority of India for all FinTech
Explanation
IFSCA is the unified regulator for financial products and services in IFSCs, including FinTech activity. The other bodies do not regulate FinTech in the IFSC as the unified authority.
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